Shareholder\'s Basis Worksheet
Polish translation: arkusz roboczy do kalkulacji wartości podatkowej posiadanych akcji
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| 23:20 Jan 19, 2017 |
| English to Polish translations [PRO] Bus/Financial - Accounting | |||||||
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|  Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 19:22 | ||||||
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| Shareholder's Basis Worksheet (sample) |
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Answers
13 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1| shareholder\'s basis worksheet arkusz roboczy do kalkulacji wartości podatkowej posiadanych akcji Explanation: This si a functional definition of shareholder basis. The actual calculation is complex. cccccccccccccccccccc The concept of basis is simple, but calculating basis for S corporation stock takes much of many CPA tax practitioners’ time and energy. Why is this the case? Basis measures the amount that the property’s owner is treated as having invested in the property. At the start of the investment, this is the property’s cost. But in the S corporation context, basis can become a moving target as a shareholder’s investment in the company changes. Unlike with C corporation stock basis, which stays the same each year, annual income, distributions and loans can all affect an S corporation shareholder’s basis, in sometimes surprising ways. Calculating the S corporation shareholder’s basis correctly is important because it measures the amount the shareholder can withdraw or receive from the S corporation without realizing income or gain. The shareholder’s basis should reflect the shareholder’s economic investment in the corporation. Basis adjustments should be made at the end of each taxable year, taking into account income, distributions and deductions and losses—in the right order. - A good way to explain stock basis to clients is to compare it to a checking account. Basis is deposits and earnings less withdrawals. Basis adjustments are normally calculated at the end of the corporation’s taxable year. First, they are increased by income items; then decreased by distributions; and, finally, decreased by deduction and loss items. The order is important because, if basis is positive before distributions but would be negative if all deduction items were subtracted (however, again, basis cannot be negative), then the excess loss is suspended rather than the excess distributions being taxable. - http://www.journalofaccountancy.com/issues/2012/jan/20114319... |
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15 hrs confidence: peer agreement (net): +1
peer agreement (net): +1| shareholder\'s basis worksheet arkusz roboczy do obliczenia podstawy opodatkowania dochodów akcjonariusza Explanation: Propozycja |
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Reference comments
3 hrs peer agreement (net): +1 |
| Reference: Shareholder's Basis Worksheet (sample) Reference information: http://www.taxtools.com/pdf/samples/sample_sb.pdf -page 3 -------------------------------------------------- Note added at 3 hrs (2017-01-20 02:47:43 GMT) -------------------------------------------------- 1040-US: Shareholder's Basis Worksheet - calculation of basis limitation - https://cs.thomsonreuters.com/ua/ut/2016_cs_us_en/ius/calc/s... |
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